ALACE response – consultation on cost controls for pension schemes
The Treasury recently consulted on changes to the cost control cap which, following scheme revaluations every four years, is used to assess whether changes need to be made to the terms of pension schemes.
The consultation proposals can be seen here
Public service pensions: cost control mechanism consultation – GOV.UK (www.gov.uk)
You can see the response from ALACE by logging into the members’ area.